The dollar traded sharply higher as investors flee the sterling ahead of another Brexit vote in the UK Parliament expected today in the afternoon. The dollar traded higher across the board versus majors looking for its best monthly gain in 5 months. Global equity markets futures traded higher overnight on the resume of the US China trade talks and yesterday US and EU equity markets traded in positive territory yet in very narrow ranges and on very little momentum or market moving news. Gold took a steep loss yesterday as investors turn to the dollar and got out of Gold and Silver, both down sharply on the day, Gold close below the 1291$ per ounce level, a 20$ reversal from highs to lows in price yesterday. Oil saw a V-shape price action yesterday, closing near the flat line at 59.52$ per barrel.
UK Current Account at 9:00 am, CAD GDP at 1:30 pm, US Chicago PMI at 1:45 pm and UK Parliament Brexit vote at 4:00 pm are the important news on the agenda Friday. (all times GMT).
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